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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » SEYB Right issue

SEYB Right issue

+23
Max
glwking
ss7097
gamester
mono
godswen
ShareShares
1st
dhamm
tubal
MarketResearch
san1985
jaya
smallville
StocksWatch
Fresher
xmart
innam
Monster
chamith
Meta Trader
econ
Slstock
27 posters

Go to page : Previous  1, 2, 3, 4

Go down  Message [Page 4 of 4]

76SEYB Right issue - Page 4 Empty Re: SEYB Right issue Tue Mar 08, 2011 6:36 pm

Monster


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

THIRU wrote:
Monster wrote:I bought SEYB.X at 49, 48, 41 and 40 levels. Still my average is 44/-. I wouldn't be wonder even if it goes further down. But I will never sell it for loss. I feel it's a right time to grab such a wonderful share at a discounted rate. I will subscribe right issues and keep it and keep it for long term. Smile

Fully agree.. it is a gem of a shares.. Now at bargain price. Our people are so crazy to sell these kind of shares.. I will also keep.
"gem" is a prohibited word in this forum. Wink Razz

77SEYB Right issue - Page 4 Empty Re: SEYB Right issue Tue Mar 08, 2011 7:28 pm

Fresher


Moderator
Moderator

Did anyone notice that SEYB.N closed at 75.90 which is only 0.90 above its rights price?

78SEYB Right issue - Page 4 Empty Re: SEYB Right issue Tue Mar 08, 2011 7:37 pm

tubal


Vice President - Equity Analytics
Vice President - Equity Analytics

npp wrote:Did anyone notice that SEYB.N closed at 75.90 which is only 0.90 above its rights price?

Thanks for highlighting something that seemed to have escaped most people's attention (or was it just mine?)

I guess all the government controlled funds in that top share holders list will be taking up the rights alloted to them. Since SEYB is a bank, the central bank is sure to use it's influence on those funds. Heck the number 2 shareholder is BoC.

But the interesting question is what some of the other shareholders, most notably the companies in the ceylinco group who are sure to be short of cash will do.

79SEYB Right issue - Page 4 Empty Re: SEYB Right issue Wed Mar 09, 2011 11:29 pm

npc86


Manager - Equity Analytics
Manager - Equity Analytics

chamith wrote:
Monster wrote:I bought SEYB.X at 49, 48, 41 and 40 levels. Still my average is 44/-. I wouldn't be wonder even if it goes further down. But I will never sell it for loss. I feel it's a right time to grab such a wonderful share at a discounted rate. I will subscribe right issues and keep it and keep it for long term. Smile

I m in the same status as you. Seyb.x is about 50% of my portfolio now....
Will prob have to pump some money to broker....
Same here ...! Evil or Very Mad

80SEYB Right issue - Page 4 Empty Re: SEYB Right issue Thu Mar 10, 2011 12:51 am

chamith


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

I think seyb.x has found its support level. Tomorrow we may see some green...
My mom told me i have received some CD frm seylan bank.
Hope u all also got it...

81SEYB Right issue - Page 4 Empty Re: SEYB Right issue Mon Mar 14, 2011 11:05 am

Monster

Monster
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Did any one notice, now SEYB.N is trading at 74.10 Shocked

82SEYB Right issue - Page 4 Empty Re: SEYB Right issue Fri Apr 01, 2011 12:55 am

ss7097

ss7097
Manager - Equity Analytics
Manager - Equity Analytics

Hi guys,

Anyone knows the right issue date. I mean announced date and the date it will can purchase or to sell. is this approved from CSE?

83SEYB Right issue - Page 4 Empty Re: SEYB Right issue Fri Apr 01, 2011 6:42 am

Fresher


Moderator
Moderator

The AGM was a couple of days ago. anyone knows what happened?

84SEYB Right issue - Page 4 Empty Re: SEYB Right issue Sat Apr 02, 2011 4:00 am

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

npp wrote:The AGM was a couple of days ago. anyone knows what happened?

They will have to revisit the terms of the right issue again.
Under these proportions and price i dont believe the right issue will be attractive,,,

85SEYB Right issue - Page 4 Empty Re: SEYB Right issue Sun May 22, 2011 1:53 am

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Any idea about the date that rights are coming to the market?

86SEYB Right issue - Page 4 Empty Re: SEYB Right issue Sun May 22, 2011 3:44 am

san1985

san1985
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

chamith wrote:Any idea about the date that rights are coming to the market?

SEYLAN BANK PLC
Company ID: - SEYB (Voting)
Date of Initial Announcement: - 01-Mar-2011
Proportion: - One (01) new ordinary share for every three (03) shares held
Issue Price: - Rs.75.00/-
The number of shares to be issued: - 43,333,333 ordinary shares
EGM / Provisional Allotment: - 09.May.2011
XR:- 10-May-2011
Dispatch of Provisional Letter of Allotment: - 19.May.2011
Rights Trading Commences on:- 25.May.2011
Renunciation:- 01.Jun.2011

Last Date of Acceptance & Payment:- 02.Jun.2011

The million dollar question is what is the value of this right and at what price it will trade?? Rolling Eyes

(Theoretically Voting rights should trade at -1.00 and Non Voting at 1.20 based on the last traded prices according to DFN Sad )


87SEYB Right issue - Page 4 Empty Re: SEYB Right issue Sun May 22, 2011 5:57 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics

san1985 wrote:
chamith wrote:Any idea about the date that rights are coming to the market?

SEYLAN BANK PLC
Company ID: - SEYB (Voting)
Date of Initial Announcement: - 01-Mar-2011
Proportion: - One (01) new ordinary share for every three (03) shares held
Issue Price: - Rs.75.00/-
The number of shares to be issued: - 43,333,333 ordinary shares
EGM / Provisional Allotment: - 09.May.2011
XR:- 10-May-2011
Dispatch of Provisional Letter of Allotment: - 19.May.2011
Rights Trading Commences on:- 25.May.2011
Renunciation:- 01.Jun.2011

Last Date of Acceptance & Payment:- 02.Jun.2011

The million dollar question is what is the value of this right and at what price it will trade?? Rolling Eyes

(Theoretically Voting rights should trade at -1.00 and Non Voting at 1.20 based on the last traded prices according to DFN Sad )



Oh it depend on manipulation.
Also good to watch what happens to SEYB N and X share prices. Will they stay the same or go up ?
Depending on the situaiton can get an idea of what SEYB and big shot also want with this right issue Wink
which killed some of us investors in the medium term.

88SEYB Right issue - Page 4 Empty Re: SEYB Right issue Sun May 22, 2011 7:59 am

econ

econ
Global Moderator

I think some big guys will collect SEYB at lower price.

89SEYB Right issue - Page 4 Empty Re: SEYB Right issue Sun May 22, 2011 10:55 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics

econ wrote:I think some big guys will collect SEYB at lower price.

Thats the motive, when u and me n the rest dont subscribe for rights, big guns request fro additional rights and push up the price before rights coming in or after rights listed Wink Its all in the game dude Twisted Evil

90SEYB Right issue - Page 4 Empty Re: SEYB Right issue Sat May 28, 2011 1:56 pm

dr kiru005

dr kiru005
Senior Equity Analytic
Senior Equity Analytic

king do you guys believe that i was the one holding like 170,000 of seyb.r0001 and sold the same day with a good profit and on the second day did the same to seyb.n0000 and had a similar profit.... i knew like if the rights go up soon the voting and non voting goes up as well. for rights its almost double the price buy for shares its like 1-2 %.

i took my risk and it paid off.. i don't say its a good way. but in cse the big fish do it big way this small fish did it in small way. pirat

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